Monday, July 26, 2021

Exxaro Tiles IPO Date, Review, Price, Form & Market Lot Details

Exxaro Tiles IPO to hit the market on 04 August 2021 and closes on 06 August 2021. The company to raise ₹161 crores via initial public offer with a face value of ₹10 per equity share.
 
Exxaro Tiles IPO date is announced, the IPO to hit the market on 04 August 2021. The company to raise ₹161 crores via IPO that comprises fresh issue of 11,186,000 equity shares and offer for sale up to 2,238,000 equity shares of existing share holders. The company incorporated in 2008 based in Gujarat. They are manufacturer of vitrified tiles used majorly for flooring solutions. They have two product types Double Charge Vitrified Tiles and Glazed Vitrified Tiles. They have more than 1000 different styles of tiles manufacturing with 6 different sizes. They supply their products to residential and commercial infra projects. They also provide their products to projects like educational, hotels, hospitals, government, builders or developers, religious institutions, etc. They exports their products in Poland, Bosnia, USA, and others. They have their own 2 manufacturing plants in Padra and Talod. Check out Exxaro Tiles IPO details.

Important Details:
  • They have more than 2000 registered dealers.
  • Strong presence in India with covering 27 states of India.
  • Strong presence in International market exporting to more than 13 countries.
  • Display centers in 6 cities with marketing offices in Morbi and Delhi.
  • Largest plant of glazed vitrified tiles in India.
Exxaro Tiles


    Exxaro Tiles IPO Review

    • Apply with Risk

    Brokerage Firm IPO Reviews

    • SMC Global: Apply
    • JM Financial: Neutral
    • ICICI Securities: Adding Soon
    • Motilal Oswal: Adding Soon
    • Capital Market: Adding Soon
    • Ventura Securities Limited: Adding Soon
    • KR Choksey: Adding Soon
    • GEPL Capital Ltd: Adding Soon

    Exxaro Tiles IPO Date & Price Band

     IPO Open:  04 August 2021
     IPO Close:  06 August 2021
     IPO Size:  Approx ₹161.09 Crores
     Fresh Issue:  Approx ₹143.23 Crores
     Offer for Sale:  Approx ₹26.86 Crores
     Face Value:  ₹10 Per Equity Share
     Price Band:  ₹118 to ₹120 Per Share
     Listing on:  BSE & NSE
     Retail Portion:  40%
     Discount:  ₹12 for Employees

    Exxaro Tiles IPO Market Lot

    The Exxaro Tiles IPO minimum market lot is 125 shares with ₹15,000 application amount. The retail investors can apply up-to 13 lots, 1625 shares with ₹195,000 application amount.
     Minimum Lot Size:  Minimum 125 Shares
     Minimum Amount:  ₹15,000
     Maximum Lot Size:  Maximum 1625 Shares
     Maximum Amount:  ₹195,000

    Exxaro Tiles IPO Date, Time Table, Allotment & Listing

    The Exxaro Tiles IPO date is 04 August 2021 and the IPO close date is 06 August 2021. The allotment date is 11 August 2021 and the IPO may list on 17 August 2021.
     Price Band Announcement:  30 July 2021
     Anchor Investors Allotment:  03 August 2021
     IPO Open Date:  04 August 2021
     IPO Close Date:  06 August 2021
     Basis of Allotment:  11 August 2021
     Refunds:  12 August 2021
     Credit to Demat Account:  13 August 2021
     IPO Listing Date:  17 August 2021

    Exxaro Tiles IPO Form

    How to apply the Exxaro Tiles IPO? You can apply Exxaro Tiles IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Exxaro Tiles IPO in the Invest section. The other option you can apply Exxaro Tiles IPO via IPO forms download via NSE and BSE. Check out the Exxaro Tiles forms - click NSE Forms & BSE Forms blank IPO forms download, fill and submit in your bank or with your broker.


    Exxaro Tiles Company Financial Report

      ₹ in Crores

    Assets
    Revenue PAT
    2018 ₹369 ₹221 ₹9.14
    2019 ₹357 ₹244 ₹8.92
    2020 ₹385 ₹244 ₹11.26
    2021
    ₹369 ₹260 ₹15.22

    Company Promoters

    • Mr. Mukeshkumar Patel
    • Mr. Kirankumar Patel
    • Mr. Dineshbhai Patel
    • Mr. Rameshbhai Patel

    About Exxaro Tiles

    We are engaged in manufacturing and marketing of vitrified tiles used majorly for flooring solutions. We commenced business as a partnership firm in 2007-08 as a manufacturer of frit, which is one of the raw materials used in manufacturing of tiles and have over the years, diversified, expanded and evolved into a manufacturer for vitrified tiles. Our business operations are broadly divided into two product categories:

    Double Charge Vitrified Tiles:
    Double charge vitrified tiles are tiles that are fed through a press which prints the pattern with a double layer of pigment, 3 to 4 mm thicker than other types of tiles. This process does not permit complex patterns but results in a long-wearing tile surface, suitable for heavy traffic commercial projects.

    Glazed Vitrified Tiles:
    Glazed vitrified tiles are flat slabs manufactured from ceramic materials such as clay, feldspar and quartz and other additives and fired at high temperatures to ensure high strength and low water absorption. These tiles are coated with glaze materials prior to the firing process.

    As on date, we supply products mainly in 6 sizes. We have 1000+ designs in our product basket, which are marketed under our brand “Exxaro”. We believe that our well-known brand series include Topaz Series, Galaxy Series, High Gloss Series, etc. We focus our research and development efforts on developing products which we believe are innovative and in line with the trends. We believe that some of our key product development highlights include: 1) 3D Effect in Double Charge Vitrified Tiles 2) Replica of Natural Stones in Double Charge Vitrified Tiles 3) High transparent glaze in weight method for glazed vitrified tiles. Further we also supply wall tiles to certain of our dealers wherein we get the products manufactured on outsourced basis. Our integrated model has allowed us to develop insights across the entire value chain right from product design, process development, manufacturing to marketing.

    We are distinguished by our large dealer network with whom we have developed long term relationships over the years. As on date of this DRHP, we have more than 2,000 registered dealers.. We also supply products for large infrastructure related projects. Over our operating history of more than a decade, we have supplied our products for various projects including residential, commercial, educational institutions, hotels, hospitals, government, religious institutions, builders/developers, etc. We believe that our ability to meet stringent quality and technical specifications, introduce designs to meet evolving customer preferences and state-of-the-art manufacturing facilities, upgrade in-house processes to increase efficiencies have enabled us to establish our brand in ceramic industry.

    Domestically, we have PAN India presence (27 states based on sales made during Fiscal 2020) and internationally we supply products in over 13 countries including Poland, UAE, Bosnia etc.

    We have two state-of-the-art manufacturing facilities which are located at Padra and Talod respectively in Gujarat. We have a combined installed production capacity of 1,32,00,000 sq. mt. p.a. Our Unit II is one of the single largest plants for manufacturing glazed vitrified tiles under one roof in India. Over the years, we have made continuous investments in our manufacturing infrastructure to support our product portfolio requirements and reach. Our capabilities as a Company include internal R&D expertise, state-of-the-art manufacturing capabilities, a strict quality assurance system, modern production designing experience and established marketing and distribution relationships. We also have 6 display centres in 6 cities and 2 marketing offices at Delhi and Morbi to complement our growth strategies.

    Our Company is promoted by Mukeshkumar Patel, Dineshbhai Patel, Rameshbhai Patel and Kirankumar Patel. Our Promoters manage and control the major affairs of our business operations with their considerable experience in our Industry. We believe our success is the result of sustained efforts over the years in key aspects of our business, such as product portfolio, process improvements, relationship with our dealers and increased scale of operations.

    Quick Links

    DRHP Draft Prospectus
    RHP Draft Prospectus
    Exxaro Tiles IPO Allotment Status

    Exxaro Tiles IPO Registrar

    Link Intime India Private Ltd
    C 101, 247 Park, L.B.S.Marg,
    Vikhroli (West), Mumbai - 400083
    Phone: +91-22-4918 6270
    Email: exxaro.ipo@linkintimeindia.co.in
    Website: http://www.linkintime.co.in
    Note: Check Exxaro Tiles IPO allotment status on Linkintime website allotment URL. Click Here

    Exxaro Tiles IPO Lead Managers

    • Pantomath Capital Advisors Pvt Ltd

    Company Address

    Exxaro Tiles Limited
    Survey No. 169 & 170, Vavdi Harsol Road, At & Po.
    Mahelav, Taluka: Talod, District, Sabarkantha - 3
    Phone: +02772-350555
    Email: cs@exxarotiles.com
    Website: http://www.exxarotiles.com/

    Exxaro Tiles IPO FAQs


    What is Exxaro Tiles IPO?

    Exxaro Tiles IPO is a main-board IPO. They are going to raise ₹165 Crores via IPO. The issue is priced at ₹118 to ₹120 per equity share. The IPO to be listed on BSE & NSE.

    When Exxaro Tiles IPO will open?

    The IPO is to open on 04 August 2021 for QIB, NII, and Retail Investors.

    What is Exxaro Tiles IPO Investors Portion?

    The investors' portion for QIB 25%, NII 35%, and Retail 40%.

    How to Apply the Exxaro Tiles IPO?

    You can apply Exxaro Tiles IPO via ASBA online via your bank account. You can also apply ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

    How to Apply the Exxaro Tiles IPO through Zerodha?

    Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name "Exxaro Tiles". Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

    How to Apply the Exxaro Tiles IPO through Upstox?

    Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name "Exxaro Tiles". Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve - mandate. Open Demat Account with Upstox.

    What is Exxaro Tiles IPO Size?

    Exxaro Tiles IPO size is ₹161 crores. The IPO comprises ₹134 crore of fresh issue and ₹27 crore of offer for sale.

    What is Exxaro Tiles IPO Price Band?

    Exxaro Tiles IPO Price Band is ₹118 to ₹120 per equity share.

    What is Exxaro Tiles IPO Minimum and Maximum Lot Size?

    The minimum bid is 125 Shares with ₹15,000 amount while maximum bid is 1625 shares with ₹195,000.

    What is Exxaro Tiles IPO Allotment Date?

    Exxaro Tiles IPO allotment date is 11 August 2021.

    What is Exxaro Tiles IPO Listing Date?

    Exxaro Tiles IPO listing date is 17 August 2021. The IPO to list on BSE and NSE.

    Note: The Exxaro Tiles IPO final details updated as it is officially announced. The IPO grey market premium (Exxaro Tiles IPO Premium) is updated to respective pages. You can check our IPO grey market page for daily updates.)

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